Quick take: Trump's tax returns, and the difference between justified and misplaced anger

 It will take some time for the accountants around the country to find all of the fraud in Donald Trump's tax returns, but if we are honest, a significant portion of his reduced tax burden comes from what are probably legal loopholes.  Recall Warren Buffett's famous observation that on a percentage basis, he pays less in taxes than his secretary, although rather than treating this as a point of pride, he thought it required revision to the tax code.  Let us put aside, until the empirical question is answered, how much of Trump's nonpayment comes from fraud.  Instead, I'll simply ask you:  if you could use purely legal means to reduce your tax burden to zero, would you?  Of course you would.  It isn't the number of times that Trump paid no taxes.  It is the cheating that we expect to find, but that question has to wait until we find it.

Oh, don't worry, it will be found, but make sure your ire is pointed at the right thing.

Comments